Tesla Is Falling, but Another Luxury Stock Looks More Beautiful Than Ever
The stock market had a great performance in November, and many stocks that had taken hard hits in September and October managed to rebound. Among them was Tesla (NASDAQ: TSLA), which lost more than 20% of its value between the end of August and the end of October before posting a nearly 20% gain last month.
Some investors expected that Tesla would get a boost from the release Thursday of its Cybertruck electric pickup. However, shares didn't rise yesterday and moved slightly lower in premarket trading on Friday morning. One stock that did move sharply higher, though, was Ulta Beauty (NASDAQ: ULTA). Let's look at both companies to see what's going on.
Shares of Tesla moved lower by between 2% and 3% early Friday morning. The maker of electric vehicles (EVs) finally began making deliveries of its Cybertruck, and it revealed key information about the pickup and how Tesla will market it.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 248 € there is a hugely positive potential of 50.49% for Tesla Inc compared to the current price of 164.8 €.
